Home » News » Housing Market » Will lettings or property sales dominate the post-Coronavirus market? previous nextHousing MarketWill lettings or property sales dominate the post-Coronavirus market?Britain’s biggest property brain, Lucian Cook, looks at why home ownership has been flagging in recent years and whether this trend is set to continue after the crisis.Sheila Manchester30th April 202001,520 Views Levels of private renting and mortgaged owner-occupation are changing due to a combination of structural and short-term drivers. Lucian Cook, Director, Residential Research at Savills has been searching to find out exactly is behind the shift, and will the experience of Covid-19 make a difference?Reaching equilibrium?Lucian says that according to the English Housing Survey, the number of households in the private rented sector (PRS) more than doubled between 2000–01 and 2013–14 as the number of mortgaged owner-occupiers fell by 1.5 million.“This not only reflected increased barriers to home ownership, as deposit affordability became the overriding hurdle to get on the housing ladder. It also reflected a significant increase in the amount of private rented accommodation, provided by a seemingly ever-growing band of buy-to-let (BTL) investors.”Change in directionHowever, he says, “Over the past five or so years we have seen private renting plateau and owner-occupation bottom out according to both the English Housing Survey and, importantly, the more extensive Labour Force Survey. Indeed, there are signs that levels of private renting have been falling and that owner-occupation has been on the rise.“That reflects some structural changes in the housing market but also some shorter-term factors, which in the past few years have supported first-time buyer (FTB) numbers and restricted the supply of private rented accommodation from BTL investors.”Key TakeawaysMultiple sources indicate that growth in private renting has plateaued and that falls in mortgaged owner-occupation have bottomed out over the past five years.Mortgaged owner-occupation has been boosted by an increase in first-time buyers. Higher LTV mortgages, Help to Buy, and support from the bank of Mum and Dad have helped support this growth. But we’ve also seen a rise in older households holding mortgage debt for longer.Despite the increase in first-time buyer activity, private renting has continued to increase and mortgaged owner-occupation fall in the ‘lost generation’ of 35–44-year-olds.In the short term, we expect first-time buyer numbers to fall, along with the transactional activity in the rest of the market. Help to Buy has a limited life-span, and Covid-19 may prevent any increase in higher LTV lending and curtail activity from the bank of Mum and Dad.We expect Covid-19 to add to pressure on private landlords in an already undersupplied rental market. That leaves significant capacity for the expansion of Build to Rent, which currently accounts for less than 1% of privately rented homes. April 30, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Purplebricks’ CEO Vic Darvey has revealed the full details of its Territory Owner reduction programme that leaked out earlier this year.In a presentation to investors following its annual results published early yesterday morning, Darvey says the number of Territory Owners has been cut from 120 to 42, a much more dramatic reduction than first reported in February.The numbers were revealed as Darvey outlined the company’s achievements over the past 12 months including its attempts to ‘get closer to its customers’ and paying its agents more than the company’s high street competitors.“We’ve divided the UK into new, expanded territories and put a new leadership structure and plan of control in place,” said Darvey.“As a result of this our remaining Territory Owners have much greater accountability for much bigger regions, significantly increasing their income opportunities and ensuring that our best leaders can earn consistently more than their high street counterparts.Agent remunerationDarvey also said Purplebricks has redesigned its agent remuneration structure to ensure the ‘right opportunities are available to everyone in the field’ including a 20% instruction fee payment increase following the company’s recent fixed-fee hike.He also revealed that the enlarged territories are to operate under a new ‘target model’ to tackle the ‘significant variations in performance’ across the business from region to region.“The best performing regions are already achieving 10% market share and there is a significant opportunity to grow our overall market share by investing in training, performance management and recruitment,” he said.Darvey also said that the company is in the process of recruiting 50 new agents to deal with the uplift in demand following the re-opening of the housing market. August 4, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Revealed: Why Purplebricks dramatically culled its Territory Owners previous nextAgencies & PeopleRevealed: Why Purplebricks dramatically culled its Territory OwnersCEO Vic Darvey says the radical reorganisation plan that leaked out earlier this year, was to enable Territory Owners to significantly increase their earning potential.Nigel Lewis4th August 202001,758 Views
View post tag: Lithuania View post tag: month View post tag: News by topic December 23, 2014 Standing NATO Mine Counter Measures Group One (SNMCMG1) concluded its 5 months sea deployment under the command of Lithuanian Navy Officer, Commander Giedrius Premeneckas onboard the Lithuanian flagship LNS JOTVINGIS, and returned to Klaipėda, Lithuania.LNS JOTVINGIS (Lithuania) accompanied by the ENS TALIVALDIS (Latvia) and LVNS SAKALA (Estonia) entered Klaipėda port on December 17, while the other six ships of the group have returned to their home bases. SNMCMG1 will be on high readiness until the handover of the command to the Royal Netherlands Navy in January 2015.SNMCMG1 welcoming ceremony was attended by the Vice Minister of National Defence Mr. Antanas Valys, Commander of the Latvian Navy Captain (Navy) Juris Roze and Estonian Navy representative Commander Indrek Hanson.Lithuania is the first of three Baltic States, which was entrusted to lead the NATO standing group by assigning commander, providing staff support ship LNS JOTVINGIS and staff personnel. Lithuanian Navy Officer was entrusted to lead the group of eight ships representing Belgium, Estonia, Latvia, Lithuania, Norway, Poland, the Netherlands and Germany.Since the beginning of August 2014, NATO ships under command of Commander Premeneckas participated in a number of large-scale multinational exercises which included “NORTHERN COAST 2014” in the territorial waters of Finland, joint forces exercise “JOINT WARIOR 2014” held in the north-west coast of Scotland, mine clearance operation “FRENCH HODOPS “ off the French coast.By demonstrating presence of Alliance in the region and solidarity, the ships visited many ports of NATO and partner countries such as Latvia, Estonia, Finland, Lithuania, Germany, the United Kingdom, Norway, the Netherlands and France. While conducting transit between ports of visit, SNMCMG1 ships conducted various tactical training exercises.[mappress mapid=”14821”]Press release, Image: NATO MARCOM View post tag: Deployment View post tag: europe View post tag: Navy View post tag: finishes SNMCMG1 Finishes Five Month Sea Deployment View post tag: five View post tag: sea View post tag: SNMCMG1 View post tag: Naval Back to overview,Home naval-today SNMCMG1 Finishes Five Month Sea Deployment Authorities Share this article
84, passed away peacefully at Robert Wood Johnson University Hospital, New Brunswick, NJ, on April 8, 2018. Sanford, originally from Bayonne, is survived by his wife Joan, daughter Suzanne Ellis, grandchildren Dylan and Jennifer, great-grandson Erick and his sister Sally Mason. He was predeceased by his son, James and his brother Dr. Aaron. For 65 years, Sanford worked as a lithographer and was the proprietor of Ace Printing Center in Bayonne originally owned by the late Harry Benjamin. Funeral arrangements by GUTTERMAN BROTHERS, FUNERAL DIRECTORS, 463 Monmouth St., Jersey City.
A U.S. Department of Agriculturestudy has found that blueberries may help fight heart disease and aging.”This study found that blueberries are an excellent source of antioxidants,”said Gerard Krewer, an Extension Service horticulturist withthe University of Georgia College of Agricultural and EnvironmentalSciences.”These natural substances are found in many fruits and vegetables,” he said.”They neutralize the free radicals that contribute to heart disease and aging.”The USDA study was conducted last summer at the USDA Human Research Center on Aging at Tufts University in Boston. It found that blueberries, includingGeorgia’s rabbiteye type, are high in antioxidants.Blueberries, in fact, were the highest in antioxidant activity of the more than 40fruits and vegetables tested.”Besides the high levels of antioxidants, blueberries are very high in vitamin Cand fiber, too,” Krewer said. “And they have only 80 calories per cup.”Krewer said the high vitamin C and fiber content were already known. “But untilthis study, we didn’t know they were so high in antioxidants,” he said. “Theyhave turned out to be an excellent health food.”Georgia has about 4,000 acres of blueberries. The state’s farmers grow 6 million to 13million pounds each year. That ranks them fourth in the nation behind Michigan, New Jerseyand Oregon. Many Georgians grow them, too, in backyard gardens.
FacebookTwitterLinkedInEmailPrint分享Nikkei Asian Review:NTT will enter the renewable energy market and invest more than 1 trillion yen ($9.3 billion) by 2030 to set up its own transmission network, Nikkei learned on Monday.NTT hopes to generate 7.5 million kW of electricity, which will be equivalent to 10% of renewable power capacity in Japan, by 2030. Japan had capacity of 61.35 million kW of renewable energy in 2019.NTT will sell directly to customers, rather than go through another power transmission network. This will be the first time for a company to enter the nationwide distribution network since the market was liberalized in 2016.Amid the global move toward greener energy, the entrance of NTT, which has a strong capital base, into the market could change the competitive dynamics.NTT Anode Energy will be leading and expanding the group’s power generation business. Most of company’s 7,300 telephone stations nationwide will be equipped with storage batteries. The company will also develop large solar and offshore wind facilities.More: NTT to enter Japan’s renewable energy sector with $9bn investment NTT, Japanese telecom giant, planning $9.3 billion investment in green energy, transmission assets
continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Last year CUES published an article we wrote on compliance hotspots. One of the biggest changes to ever impact mortgage lending took place in 2015, the disclosure integration of Truth in Lending and the Real Estate Settlement Procedures Act. Other important focus areas for compliance departments included money service businesses, compliance with the Bank Secrecy Act, compliance management expectations and the complaint management process. Here’s an update for credit unions about each of these areas. TRIDTRID went into effect in October 2015 and had a significant impact on the way financial institutions including credit unions closed real estate loans. Most credit unions relied on loan origination software to help them navigate the TRID disclosure requirements. The quality and completeness of TRID compliance is closely tied to the thoroughness of the LOS.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County Police Department’s Pattern Crimes Unit is looking for two suspects involved in a string of armed robberies that began in late December—and a $3,000 reward is being offered to anyone with information that leads to their arrest. At least 11 businesses—gas stations and donut shops—across Suffolk County have been hit since Dec. 22, police said. Investigators believe two males are responsible for the crimes. Each time, a black handgun is used to force clerks to hand over cash, police said. The latest incident occurred Thursday night in Sayville, police said. The most recent robberies involve a male, medium to tall height, dressed in a black jacket, black pants, black hoodie, and a black ski mask, police said. Investigators believe the male used an accomplice in previous robberies. That suspect is described as male, with a short build and dressed in a sweat suit, police said. Citing the ongoing investigation, police said they will not be releasing photos or video of the robberies at this time. The department is asking anyone with information about the suspects or the incidents to call Crime Stoppers at 1-800-220-TIPS. Crime Stoppers is offering a $3,000 reward for information that leads to the suspects’ arrest. Locations, dates, and times of robberies:Sayville 01/08/15 (9:49 p.m.)Farmingville 01/07/15 (9:00 p.m.)Bohemia 01/05/15 (9:55 p.m.)Holbrook 01/03/15 (10:20 p.m.)Hunt Station 01/02/15 (9:27 p.m.)Deer Park 01/01/15 (6:49 p.m.)Commack 12/29/14 (7:41 p.m.)Smithtown 12/29/14 (8:15 p.m.)St James 12/26/14 (6:18 p.m.)West Hills 12/25/14 (2:30 p.m.)Deer Park 12/22/14 (9:12 p.m.)
“Our goal is to leverage Rp 30 trillion in loans over three months to boost the economic strength of MSMEs and keep our economic engine running,” Sunarso said in a statement.Small and medium enterprises, which provide more than half of the country’s gross domestic product (GDP), have been hit severely by the pandemic as Indonesia’s economic growth slowed to 2.97 percent in the first quarter of 2020.The government has allocated Rp 123.46 trillion of the total Rp 695.2 trillion in COVID-19 response funding to aid small businesses and cooperatives during the ongoing global health crisis.It previously channeled Rp 11.84 trillion of the program’s budget to MSMEs in the form of debt restructuring funds, investment funds for cooperatives through the Revolving Fund Management Agency (LPDB) and microcredit program (KUR) interest subsidies. Of the Rp 24 trillion in loans disbursed by BRI, Rp 18 trillion has been channeled to micro-businesses while Rp 4.8 trillion has been given to small businesses, according to the bank’s micro-business division head, Made Antara Jaya, on July 30.“We are providing additional capital to MSMEs, which have been affected by the pandemic but are still financially resilient,” Made said.The state-owned bank has also provided an additional Rp 752.2 billion in interest subsidies to 5.2 million KUR and non-KUR accounts.State-Owned Enterprises (SOEs) deputy minister Kartika “Tiko” Wirjoatmodjo previously said that state-owned banks had collectively disbursed Rp 43.5 trillion in working capital loans from the fund provided by the government.The figure was 145 percent of the total Rp 30 trillion provided by the government in June, which was intended to be channeled into loans to shield businesses from the impact of the COVID-19 pandemic.Finance Minister Sri Mulyani recently said the government was working on a plan to transfer working capital directly to MSMEs that had yet to receive access to financing from banks.The government has also disbursed credit insurance premiums worth Rp 5 trillion to state-owned credit insurers PT Jaminan Kredit Indonesia (Jamkrindo) and PT Asuransi Kredit Indonesia (Askrindo) to guarantee working capital loans of Rp 100 trillion and help MSMEs survive the pandemic.Topics : State-owned Bank Rakyat Indonesia (BRI) has restructured 2.88 million loans to micro, small and medium enterprises (MSME) worth Rp 179.17 trillion (US$12.35 billion), a bank executive has said.BRI president director Sunarso said on July 29 that the company had also granted Rp 24 trillion in loans to MSMEs that had been greatly affected by the COVID-19 pandemic. The loans were disbursed to 565,000 MSMEs and sourced from the government’s national economic recovery (PEN) fund.The government placed a total of Rp 30 trillion into the Association of State-Owned Banks (Himbara) on June 24, of which BRI received Rp 10 trillion.
This house at 62 Victoria St, Balmoral, sold under the hammer for $1.73m at the weekend.The data also reveals properties that go to auction in Brisbane sell in less than half the time (33 days) of properties that are put on the market for private sale (83 days).And the average sale price of a home sold at auction in metropolitan Brisbane is $229,000 more than one sold privately, with an auction sale of a house or townhouse fetching $832,038 on average compared to $602,778 achieved through a private sale. This cottage at 18 Woolcock St, Red Hill, sold at auction at the weekend for $864,000.Brisbane couple Hannah and Anthony Perry are taking their renovated, two-bedroom cottage in Red Hill to auction at 10am today.Mrs Perry said they decided to sell the property at 17 Ella Street via auction on advice from their real estate agent.“Because of the location, they figured there would be quite a bit of interest and it was the cleanest way to get a good result,” Mrs Perry said.“From what we’ve been told, it seems to be a good time for auctioning.“And having seen the amount of interest in the property, the pure logistics of trying to negotiate out of auction with that many interested parties would be pretty much impossible.” Hannah Perry at the house she is taking to auction this Saturday in Red Hill. Image: AAP/John Gass.THERE has never been a better time to sell at auction, with new data showing homes sold under the hammer in Brisbane can fetch at least $200,000 more than those sold privately.The data from realestate.com.au reveals properties sold at auction deliver higher prices and spend less time on market than those sold via private sale. It comes as agents say Brisbane homeowners thinking of selling should do so now, with low stock levels pushing sale prices up. New data shows there has never been a better time to sell a home at auction. Photo: Chris Pavlich.With spring selling season just around the corner, agents are crying out for more property listings to meet buyer demand, with the latest figures from SQM Research showing new listings in Brisbane were down 1.9 per cent in July.The realestate.com.au research shows properties taken to auction in metropolitan Brisbane sell for $54,800 above the asking price, on average, compared to only $12,800 more through private sale. This home at 25 Cramond St, Wilston, fetched $660,000 at auction at the weekend.Realestate.com.au chief economist Nerida Conisbee said that in recent weeks, clearance rates had increased, interest rates had dropped, and buyers were back, signalling increased confidence in the auction market. “There’s no better time to sell by auction,” Ms Conisbee said. REA chief economist Nerida Conisbee.Ms Conisbee said that the data showed that sellers who took their homes to auction consistently achieved higher sale prices than those who listed by private sale.“We know the buyers are back and the market is changing rapidly, so sellers should get in now to name their price while stock levels remain low,” she said. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThis three-bedroom house at 14 Bale St, Albion, sold under the hammer for $760,000.“We’re in really unique conditions where listings are so far down that sellers would have the market to themselves. “Buyers are back in a big way, creating increased competition, and we know that properties that go to auction return better results for sellers, and on average are sold in half the time of those listed for private sale.” This house at 17 Ella St, Red Hill, goes to auction on Saturday, August 24, at 10am.Judi O’Dea of Ray White Paddington, who is marketing the property at 17 Ella Street, sold a similar house in the same suburb last weekend for $864,000 under the hammer.The auction of the cute, three-bedroom cottage at 18 Woolcock Street attracted 12 registered bidders.Ms O’Dea said there were at least 80 people in the living room on the day, and the winning buyers would move from nearby Petrie Terrace.“They are over the moon with their new home. The seller has done an incredible renovation,” Ms O’Dea said. “Confidence is heating up.”Data from SQM Research reveals property listings in the Brisbane suburbs of Heathwood, Albany Creek and Rochedale have tightened significantly over the past month, meaning increased competition for stock in these areas and good opportunities for sellers to achieve higher sale prices.TOP FIVE BRISBANE SUBURBS WITH BIGGEST DROP IN NEW LISTINGSPostcode Suburb4110 Heathwood4035 Albany Creek4123 Rochedale4209 Coomera4506 Morayfield(Source: SQM Research, based on the past 30 days) Auction vs private sale. Average difference above asking price. Source: realestate.com.au.